Spelinspektionen, Sweden’s gaming regulator, fines Yggdrasil SEK300,000 and points a warning for supplying gaming software program to an unlicensed operator within the nation.
Yggdrasil obtained its software program license on March 22, 2023, permitting it to develop, present, and set up on-line gaming software program in Sweden till June 20, 2028.
The regulator initiated an investigation on January 16, 2024, into unlicensed operators’ web sites in Sweden. Yggdrasil was discovered to have provided software program to considered one of these web sites, violating chapter 11, part 6 of Sweden’s Playing Act, which prohibits licensees from offering software program to unlicensed entities.
Following the investigation, Yggdrasil addressed the problem on January 23, 2024, attributing the violation to a contractual breach with a retailer. Yggdrasil affirmed that it ceased offering gaming software program to unlicensed entities and ensured compliance with licensing necessities.
Whereas the regulator acknowledged Yggdrasil’s corrective actions, it emphasised that compliance with licensing laws is an ordinary expectation for all licensees.
The choice reads:
Yggdrasil has promptly taken corrective motion and eliminated video games and all different kinds of property belonging to Yggdrasil from the web site in query and ceased the violation because it was notified by the Gaming Authority.
The collaboration can’t, nevertheless, be thought of to have been lively differently than what one should usually be capable of anticipate from an organization that has chosen to function licensed actions beneath supervision.
The mitigating circumstances don’t outweigh the seriousness of the offense in such a approach that it may be thought of minor or excusable. In abstract, the Swedish Gaming Authority assesses that the violation is severe.
Spelinspektionen opted to difficulty a warning as an alternative of revoking Yggdrasil’s Swedish license, alongside imposing the penalty charge. Based on laws, the charge ranges from SEK5000 to a most of 10% of the corporate’s turnover from the earlier monetary yr. Given Yggdrasil’s internet gross sales of €514,566 in 2023 (roughly SEK5.8m), the charge may have reached as much as SEK580,000.
